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Adrian Salgado

A Marked or Notable Degree of Hotness (Quick Thoughts)

It’s here again.

That time of year when it’s 106° in the shade (while sipping on a granizado with a cool water-soaked towel draped around your neck, of course). That time of year when stepping outside feels like you just stepped inside the Volcanic Rock Sauna at Neo Vertika (what a crock of sh*t that was). That time of year when you can look any female straight in the eye and unabashedly ask: “Damn mama, you having a bad hair day?”.

The hottest summer in a hundred years?

So hot it won’t bother getting up in 2008.

“Is this some kind of bulletin? Last I checked, Miami was still 1,814 miles north of the equator. It is hotter than dog sh*t in a skillet today and it’ll be hotter than all the weave I saw at South Beach last night tomorrow. As a matter of fact, it’s been hot every summer since the first Tequesta set foot on this piece of swamp”.

I usually don’t mind the heat. I really don’t. It’s not like I mind showing property on a Friday afternoon when it’s 92°, the humidity is 80% and the most prominent feature in our solar system is baking me like some Nestle Toll House chocolate chip cookie . It’s not like I mind exiting my car and sporting a wet long-sleeve button-down stuck to the middle of my back either.

What I do mind is that local media headlines lately read more like “Man Shot for Material Goods On Way Home to Family After a Hard Day’s Night at Work” and less “Man Helps Blind Lady Cross Street While Carrying Groceries With Teeth”.

HEaT + Low Currency in Circulation = Increased Crime Rate?

Anybody out there know if we got some local criminologists treating these as “mutually inclusive”? I can’t make any conclusions without empirical data. Sorry.

It’s gonna be an interesting summer. Will IT be televised?

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

A Day in the Life of a Realtor (Vol. 4): A Slice of Mid-Century Americana

(Small CBS single-family home built on a large canal-front, rhomboidish-shaped lot in North Westchester circa 1959.)

David Mijares has to physically inspect the structure’s interior.

We gotta complete a BPO. You know, a Broker Price Opinion.

See, the bank owns this property. Yes, the same bank that carelessly lend stitch (i.e. money) to the substitute teacher that doubles as alcoholic beverage promoter at the local sports bar on mid-week evenings cause “baby gotta eat”. The same bank that got in touch with an asset manager that got in touch with us so that we could provide them with an opinion of value on this piece of property before the chosen listing agent puts in on the market for sale.

So David (yes, that David. The Jewban that has Matzo Ball Soup and Brisket for Passover, but’ll tear up that lechon on Noche Buena faster than you can say “Homeboy, we’re celebrating the birth of Jesus Christ tomorrow.” The same one that started a blog on March 19, 2008 and hasn’t put thought to keyboard since.) goes to the property and does his thing. And he comes back with this

This kitchen _______________.

Go ahead. Fill it in.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

It's Been Breached. Now What?

It’s official. Fo’ bucks.

Some economists (I can’t remember which - there are so many) predicted that the $4 mark would be the tipping point.

What do you a call an economist with a prediction?”

“Wrong.”

I couldn’t agree more with that statement (not the “joke”). This is definitely a tipping point.

But what tipping point are we exactly talking about? Are we talking about gas prices? Or are we talking about the American people?

Are the American people ready for to change?

Remember the New Balance 992’s instead of the Mercedes Benz keys? The spacious backyard for the public green space? The 2-car garage for one assigned parking space?

Before we attempt to answer any questions, let’s take a brief look at post-WWII American history through the eyes of the generations sociologists spend lifetimes analyzing.

Baby Boomers

The first group to be raised with a television (1 set for the entire family), fought Vietnam, protested the draft, burned bras, witnessed the assassinations of Martin Luther King and the Kennedys, consumed heavy doses of Lysergic acid diethylamide (LSD or simply “acid” to those who never passed General Science 3), read Truman Capote, Norman Mailer, Allen Ginsberg and Jack Kerouac, listened to Jimi Hendrix, The Beatles, Sly and the Family Stone, The Rolling Stones, The Doors, The Supremes and Marvin Gaye, and leave us with a “monumental preoccupation” for which we have to find some fixes (social security, mounting debt, etc.) fast.

Generation X

The first group to be raised by a television (at least 5 in 1 home), fought in Kuwait (and is fighting in Iraq), protests about the long wait to get a Miller Genuine Draft, burns JOB 1.25’s, witnessed the assassinations of Tupac and The Notorious B.I.G. (you think Puffy/P. Diddy/Puff Daddy had anything to do with it?), consumes methylenedioxymethamphetamine (MDMA or simply “ecstasy” to those who used to skip General Science 3), reads US Weekly, People Magazine, The Enquirer and Star Magazine, listens to what radio programmers tell them they should be listening to, is a product of Reaganomics, is filled with doom and disease, is totally lost, has absolutely no identity, stands for nothing, falls for anything and will leave a huge burden on Generation Y if the tipping point passes us by.

Sorry Gen Y. I really do like you guys. I try.

Generation ñ

See Generation X and multiply that by at least 50. That’s how lost this generation is. They can’t complain about their identity because it doesn’t even exist.

Generation ñ.”

I can’t even begin to say that without busting out hysterically. Especially when the image that comes to mind is of he who was born in Miami to Cuban parents who immigrated - excuse me, sought refuge - in the 1960’s and feels Cuban when he wears his guayabera, plays domino and smokes boutique cigars at “Cuban-themed” parties, but couldn’t put a sentence together in Spanish (or English for that matter) if his communication skills depended on it. He has no idea why Castro’s revolution came to exist either.

Don’t tell him he’s not Cuban, though. He likes the hyphen.

Credit Generation ñ with one major contribution to local society: the birth of a dialect. Allow us to overhear a conversation in the dialect known simply as Miami:

“Bro, tu sabes, outta hand. That chick was riquisima. Yo le tire la muela and she fell for it, bro. Fer sher! She’s a major heat-up, though. She knows Susy’s sister, Jacky. But la jevita is outta control, bro…”

Excuse me while I regurgitate.

OK, where was I?

Change. Right. Change.

Why the history/sociology lesson?

Well, as you can see, history has shown that Generation X (automatically include Generation ñ when I refer to Generation X, but don’t forget to multiply it by at least 50) has taken a back seat to cocaine, crack, AIDS, divorce, single-parent households, racial injustice, xenophobia, homelessness, the political process, economic hardship, ___________. However, the time has now arrived (whether Gen Xers know it or don’t is a whole ‘nother issue) for Generation X to step up to the plate and accept the challenge for to change.

We don’t need to swing for the fences. We just need to do the little things that produce W’s. Move the runner over. Square up and lay down the bunt. Go opposite field and move the runner to third. Hit the ball hard in the air if there’s less than two outs. Consistently make the routine play.

It’s OK to flash some leather every now and then. Just make sure you make the routine play first. That’s all.

It’s station to station, boys (and girls). That guy (or girl) in the dugout is depending on you. It doesn’t matter if you hit 4th or 9th in this lineup. There’s only one common goal - and that’s to play it hard, play it right and play to win.

Welcome to the game of life. It’s only the biggest game we’ll ever play.

The first pitch was thrown earlier today. You ready?

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com

Coral Gables Market Report: Ten Aragon, The Minorca, Andalusia

It’s spring again.

The last of the snowbirds head back home, April showers dampen our hot and humid afternoons, flowers bloom, the grass gets greener, and if history serves as a precursor, the South Florida real estate market heats up.

The spring and summer months are traditionally the busiest months of the year for residential real estate. Buyers come out of winter hibernation and eat away at the housing supply.

We hope they bring a healthy appetite in 2008.

Let’s take a look at what The Big Three – Ten Aragon, The Minorca, Andalusia (the three condominium projects that spearheaded Coral Gables’s urban renaissance in 2005) – are serving this season.

ten-aragon_bldg-front.jpg

TEN ARAGON

Active listings = 31

• One (1) Bedroom Units: $269,900 - $369,999
• Two (2) Bedroom Units: $403,900 - $750,000
• Three (3) Bedroom Units: $795,000 - $1,150,00

Short Sales: 7
Foreclosures: 2

Pending Sale (under contract): 1

Recent Closed Sales: 0

The last unit in the building closed nearly 9 months ago on July 11, 2007. There were a total of 5 closings in Ten Aragon in all of 2007.

Expired Listings (since last closing): 23

the-minorca_bldg-exterior.jpg

THE MINORCA

Active listings = 21

• One (1) Bedroom Units: NO LISTINGS
• Two (2) Bedroom Units: $340,000 - $459,000
• Three (3) Bedroom Units: $499,000 - $1,200,000

Short Sales: 2
Foreclosures: 1

Pending Sale (under contract): 0

Recent Closed Sales: 0

The last unit in the building closed over 9 months ago on July 6, 2007. There were a total of 6 closings in The Minorca in all of 2007.

Expired Listings (since last closing): 22

andalusia-exterior-front.jpg

ANDALUSIA

Active listings = 7

• One (1) Bedroom Units: $320,000 - $399,000
• Two (2) Bedroom Units: $405,000 - $899,000
• Three (3) Bedroom Units: NO LISTINGS

Short Sales: 0
Foreclosures: 0

Pending Sale (under contract): 0

Recent Closed Sales: 0

The last unit in the building closed nearly 9 months ago on July 12, 2007. There were a total of 6 closings in Andalusia in all of 2007.

Expired Listings (since last closing): 10

CONCLUSION

Calling all sellers.

Besides a thorough and customized marketing plan, the single most important factor in getting your home from “For Sale” to “Sold” is pricing.

In today’s market, getting a “motivated seller” to drop the asking price below his/her purchase price is an especially difficult thing to do. As human beings, we have difficulty admitting defeat. It evokes a tremendous sense of frustration.

However, accepting a loss sooner rather than later saves sellers a lot of time and pain. Delaying the inevitable only prolongs the pain and sense of frustration. Staying in a home where one no longer wants to live (for XYZ reason) or moving, but enduring the hassles and monetary losses associated with renting your home, only ties your money up to a losing investment whose remaining real value is eaten away by inflation.

Sellers, there has never been a better time to get your priorities and housing affairs in order. The real estate spring cleaning season has arrived. Don’t let it pass you by.

Statistics were compiled on April 4, 2008 using the Southeast Florida Multiple Listing Service and Miami-Dade County Tax Records.

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com.

Numbers Don't Lie

26,391.

11,393.

For those big into numbers, the first number is the total amount of mortgage foreclosure filings in Miami-Dade County in 2007.

The second?

That’s the number of mortgage foreclosure filings in Miami-Dade County for the first three months (Jan - Mar) of 2008.

Any questions?

Adrian Salgado is a Realtor Associate with RED I Realty in Miami, FL and can be reached at 305-491-7179 or SalgadoA@gmail.com